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How Much Down Payment Do You Need on a House?

May 06, 2022


Many lenders offer conventional mortgages with as little as 3% down. But with a smaller down payment, you’ll likely face a higher interest rate and you’ll have to pay Private Mortgage Insurance, or PMI. Some lenders, like Laurel Road, also have special mortgage products for qualified doctors that don’t require any down payment and let you skip the PMI.


physician mortgage

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This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.

All Laurel Road lending products are subject to credit approval.